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IMF upgrades its forecast for China's economy, but says reforms are needed to support growth

IMF upgrades its forecast for China's economy, but says reforms are needed to support growth

Wed, May 29, 2024

The IMF's report, issued late Tuesday, said the world's second-largest economy will likely expand at a 5% annual rate this year, based on its growth in the first quarter and recent moves to support the property sector.

Xi meets Putin: China's Jinping begins his 1st Moscow visit as Putin wages Ukraine war

Xi meets Putin: China's Jinping begins his 1st Moscow visit as Putin wages Ukraine war

Mon, Mar 20, 2023

Kremlin spokesman Dmitry Peskov said that over dinner on Monday, Putin and Xi will touch on issues related to Ukraine, adding that Russia's president will likely offer a detailed explanation of Moscow's view on the Ukraine war

China Corona Situation: Amid Rising Cases, Beijing Stops Sharing New Covid-19 Data

China Corona Situation: Amid Rising Cases, Beijing Stops Sharing New Covid-19 Data

Mon, Dec 26, 2022

A record 3.7 crore new corona cases were registered in China in one day. Amid rising cases, China stopped sharing new data. What is the situation in China? Know from Ashish Chaturvedi.

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China steps up capital controls, tightens investment rules for state firms

China steps up capital controls, tightens investment rules for state firms

Wed, Jan 18, 2017

China issued regulatory rules on outbound investments by centrally-controlled state firms, the state asset regulator said on Wednesday, the latest move by Beijing to tighten controls on money moving out of the country and stabilise a faltering yuan.

China 2016 home prices surge most in 5 years, but moderating, easing bubble fears

China 2016 home prices surge most in 5 years, but moderating, easing bubble fears

Wed, Jan 18, 2017

Prices of new homes in China grew last year at the fastest rate since 2011, but moderated enough in December to calm fears of a speculative bubble bursting with disastrous economic consequences.

Economic globalisation has become a 'Pandora's Box' for many: Xi Jinping

Economic globalisation has become a 'Pandora's Box' for many: Xi Jinping

Tue, Jan 17, 2017

While Xi did not mention Donald Trump in his speech of nearly an hour but many of the messages he sent seemed directed at the US president-elect.

China to target around 6.5% economic growth in 2017: Sources

China to target around 6.5% economic growth in 2017: Sources

Mon, Jan 16, 2017

China will lower its 2017 economic growth target to around 6.5% from last year`s 6.5-7%, policy sources said, reinforcing a policy shift from supporting growth to pushing reforms to contain debt and housing risks.

China will quadruple energy vehicle annual output to 2 million by 2020

China will quadruple energy vehicle annual output to 2 million by 2020

Mon, Jan 16, 2017

China will quadruple its new energy vehicle annual output to two million by 2020, a cabinet minister has said.

China posts worst export fall since 2009 as fears of US trade war loom

China posts worst export fall since 2009 as fears of US trade war loom

Fri, Jan 13, 2017

China`s massive export engine sputtered for the second year in a row in 2016, with shipments falling in the face of persistently weak global demand and officials voicing fears of a trade war with the United States (US) that is clouding the outlook for 2017.

Growth in China's factories, services slows in December

Growth in China's factories, services slows in December

Sun, Jan 01, 2017

China`s manufacturing sector expanded at a weaker than expected pace in December, with growth slowing from the previous month as the world`s second-largest economy heads into 2017.

China fines General Motors' unit $29 million for 'price-fixing'

China fines General Motors' unit $29 million for 'price-fixing'

Sat, Dec 24, 2016

Beijing has fined the Chinese unit of General Motors (GM) nearly $29 million for "infringing on the rights of consumers and its competitors" via price-fixing, Shanghai authorities said.

China's November home prices show govt curbs starting to cool sharp rally

China's November home prices show govt curbs starting to cool sharp rally

Mon, Dec 19, 2016

China`s home prices slowed further last month as a raft of curbs cooled a furious price rally, but a supply shortage in parts of the nation and sizable inventories elsewhere underscored the challenges facing policymakers as they try to stabilise a polarised market.

China's economy will grow around 6.5% in 2017; yuan to continue falling: CASS Researchers

China's economy will grow around 6.5% in 2017; yuan to continue falling: CASS Researchers

Mon, Dec 19, 2016

China`s economy will grow around 6.5% in 2017, while the yuan will continue to fall, government researchers said in Beijing on Monday.

Philips to sell Lumileds majority share for $1.5 billion

Philips to sell Lumileds majority share for $1.5 billion

Mon, Dec 12, 2016

Dutch electronics giant Philips announced on Monday the sale of a majority share in its Lumileds LED lighting business for $1.5 billion (nearly Rs 9,979.13 crore), after cancelling the sale earlier this year over US regulatory concerns.

China faces battle over market economy status

China faces battle over market economy status

Sun, Dec 11, 2016

China`s battle for recognition as a market economy that would help it avoid penalties from key trade partners has been thwarted, as a key clause in Beijing`s deal to join the World Trade Organisation (WTO) expires on Sunday.

China November data to show steady growth, but yuan, capital controls a worry: Reuters poll

China November data to show steady growth, but yuan, capital controls a worry: Reuters poll

Tue, Dec 06, 2016

A flood of data from China in coming weeks is expected to show the economy continued to grow at a steady pace in November, with inflation quickening and credit expanding at a faster pace despite concerns about rising debt, a Reuters poll showed.

Chinese spend billions on Singles' Day

Chinese spend billions on Singles' Day

Fri, Nov 11, 2016

Chinese shoppers spent more than $1 billion in the first five minutes of Singles Day on Friday, e-commerce giant Alibaba said in the world`s biggest online shopping promotion. Singles' Day -- named for the repeated digit 1 in the date November 11 -- was created by Alibaba in 2009.

China weakens yuan-dollar rate beyond landmark 6.8 level

China weakens yuan-dollar rate beyond landmark 6.8 level

Fri, Nov 11, 2016

China weakened the yuan`s reference rate to beyond 6.8 to the dollar for the first time in more than six years on Friday as the greenback rebounded strongly, with analysts warning the unit could drop further.

China services sector grows at fastest pace in 4 months in October: Caixin PMI

China services sector grows at fastest pace in 4 months in October: Caixin PMI

Thu, Nov 03, 2016

China's services sector grew at the strongest pace in four months in October as new business picked up, encouraging companies to hire more workers, a private survey showed.

China October factory activity expands at fastest pace in over 2 years

China October factory activity expands at fastest pace in over 2 years

Tue, Nov 01, 2016

Activity in China's manufacturing sector expanded at the fastest pace in more than two years in October, adding to views that the world's second-largest economy is stabilising thanks to a construction boom.

China's GDP growth stable at 6.7% in third quarter: Govt

China's GDP growth stable at 6.7% in third quarter: Govt

Wed, Oct 19, 2016

China's growth was steady at 6.7% in the third quarter (Q3), government data showed on Wednesday, a sign of stabilisation in the world's second-largest economy. The results slightly exceeded the median analyst expectation of 6.6% in an AFP poll.

China's producer price index rises for 1st time in nearly 5 years to 0.1% in Sept

China's producer price index rises for 1st time in nearly 5 years to 0.1% in Sept

Fri, Oct 14, 2016

The price of goods at the factory gate rose in China for the first time in more than four years in September, officials said on Friday, in a positive sign for demand in the world's second-largest economy.

China's August forex reserves fall to $3.19 trillion, lowest since 2011

China's August forex reserves fall to $3.19 trillion, lowest since 2011

Wed, Sep 07, 2016

China's foreign exchange reserves fell to the lowest since 2011 in August as the central bank intervened to support the yuan currency as it weakened to near-six year lows.

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